On October 3, 2024, Kenya’s National Treasury officially announced the commencement of the transition from cash-basis accounting to the International Public Sector Accounting Standards (IPSAS) accrual basis. This marks a significant move in reforming...
As we navigate through 2024, it’s crucial for businesses and individuals alike to stay informed about the latest updates in tax regulations. In this blog post, we’ll dive into three important areas of the Income Tax Act that are relevant for th...
On July 31st, 2024, the Court of Appeal delivered a landmark judgment in the case of Nairobi C.A No. E003 of 2023 – The National Assembly and Another vs. Okiya Omutata and 55 Others. The ruling declared the Finance Act 2023 unconstitutional, a...
The Kenya Revenue Authority (KRA) has made significant strides in modernizing its tax administration system by migrating VAT and Income Tax Ledger balances from the Legacy System to the iTax System. This transition is part of KRA’s ongoing effo...
Centum Investment Plc has announced an extension of its share buyback programme, which initially commenced on 6th February 2023. The programme, aimed at purchasing up to 10% of the company’s total issued and paid-up share capital, was originally set...
